As I write this blog, I am looking ahead wondering if Armour Hills will again be one of the most desirable neighborhoods for buyers in 2018. Last year the average days on market for a new listing in Armour Hills was just 7, and median home prices increased 14.9% over 2016. Those numbers say a lot about how strong this neighborhood is.
Let's take a look at the stats for last month:
January 2018 January 2017
Median list price: $289,975 Median list price: $329,475
Median sales price: $284,500 Median sales price: $327,500
Days on market: 5 Days on market: 18
No. of homes sold: 4 No. of homes sold: 4
Although the median home sales price was much lower than 2017, that reflects the fact lower prices homes sold last month. Three of the four homes sold at or above list price. The highest sales price was $340,000 and the lowest was $185,000. I believe Armour Hills will again be a strong destination for home buyers this year.
Currently there are five active listings in Armour Hills with a median list price of $345,000 and 71 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)